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DeFi Development Corp. Purchases 16,447 SOL, Becomes Leading Solana Treasury Company
BOCA RATON, FL, May 15, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) announced today the purchase of 16,447 Solana (“SOL”)
About this update from Defi Development Corp.
[{"type":"text","content":"BOCA RATON, FL, May 15, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) announced today the purchase of 16,447 Solana (“SOL”) at an average price of $139.66 representing a total cost of approximately $2.3 million. At current market prices, the value of the purchased SOL is approximately $2.9 million. This marks the Company’s 11th SOL purchase under its crypto treasury strategy. Following this transaction, DeFi Development Corp. now holds a total of 609,190 SOL, valued at approximately $107 million — the largest SOL position of any publicly traded company. “We continue to build long-term exposure to Solana with one clear objective: increase SOL per share,” said Joseph Onorati, CEO of DeFi Development Corp. “This deployment reflects our conviction in Solana and our commitment to aggressive, transparent accumulation.” Below is a summary of DeFi Dev Corp’s current SOL position and key per-share metrics as of May 15, 2025: Total SOL Held: 609,190Total SOL Held (USD): approximately $107 millionTotal Shares Outstanding: 2,066,711SOL per Share (“SPS”): 0.295SPS (USD): $51.71 As with all previously purchased tokens, the most recently purchased SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield. The Company will continue to provide suitable updates to our Treasury and underlying strategies, through public releases and regulatory filing(s), as available. About DeFi Development Corp. DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to Solana (SOL). In adopting its new treasury policy, the Company intends to provide investors a way to access the Solana ecosystem. The Company’s treasury policy is expected to provide investors economic exposure to SOL investment. We are an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage. We currently serve more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dolla...